Enron

Paper Summary:

This paper begins with a general discussion on Enron and continues to provide the details of the scandal surrounding the company. It explains the organizational structure of the scandal and names names of those involved. In the conclusion, the paper explains that the Enron scandal is a classic example of accounting fraud and discusses the disastrous economic, political and social consequences of such financial manipulation .

Table of Contents:
Introduction
The Enron Scandal
Character Personae
Conclusion
Bibliography

From the Paper:

"The financial manipulation and deception started from the top management and involved partner firms and auditors. Enron created and partnered with companies such as RADR, Chewco, and Southampton in order to divert money and hide debts. RADR sold windmills to Enron, and sold these windmills back to RADR for a profit that was pocketed by Enron officials. Chewco was formed by Enron's top executives in order to buy shares from California Public Employees' Retirement System (CalPERS). The partnership was then used to transfer Enron's debts to Chewco's. Lastly, Southampton was used by several executives to divert around $19 million to their own pockets."

More papers on Enron:

• Analytical Essay # 70721 : "Enron Ethics"
• Research Paper # 86670 : "The Enron Debacle"
• Analytical Essay # 71712 : "The Enron Scandal"
• Analytical Essay # 85624 : "Enron and Arthur Andersen"

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